How to Make a Partial Withdrawal of Your Pledged Securities with Mirae Asset Financial Services?

Mirae Asset Financial Services enables you to partially depledge securities digitally, eliminating the need for branch visits or paperwork. Since your eligible loan limit depends on the pledged collateral, a revised eligible limit is calculated based on the updated collateral value.

Formula: Eligible Limit = Collateral Value x LTV%

Steps to Partially Withdraw Securities:

1. Log in to the Mobile App or Web.
2. On the App, tap on “More” and select “Security Withdrawal” under ‘Loan Against Securities’. For Web, go to the transactions tab and click on ‘Security Withdrawal.’
3. Choose the loan account and application number under which securities are pledged.
4. Select the securities and the number of units to depledge.
5. Click ‘Calculate’ to view the revised collateral value, available limit, and total limit.
6. Authenticate the request via OTP.

Note: Security withdrawal charges of ₹500 + taxes are applicable.